Acorns Advisers LLC lifted its position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 18.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,925 shares of the software giant’s stock after purchasing an additional 1,256 shares during the period. Microsoft comprises 0.0% of Acorns Advisers LLC’s portfolio, making the stock its 27th largest position. Acorns Advisers LLC’s holdings in Microsoft were worth $2,975,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the company. Blue Rock Wealth Management LLC lifted its position in shares of Microsoft by 115.9% during the first quarter. Blue Rock Wealth Management LLC now owns 7,371 shares of the software giant’s stock worth $2,767,000 after purchasing an additional 3,957 shares in the last quarter. Flaharty Asset Management LLC lifted its position in shares of Microsoft by 0.3% during the first quarter. Flaharty Asset Management LLC now owns 9,085 shares of the software giant’s stock worth $3,410,000 after purchasing an additional 28 shares in the last quarter. Strive Asset Management LLC lifted its position in shares of Microsoft by 3.6% during the first quarter. Strive Asset Management LLC now owns 6,674 shares of the software giant’s stock worth $2,505,000 after purchasing an additional 231 shares in the last quarter. Integrity Alliance LLC. lifted its position in shares of Microsoft by 363.3% during the first quarter. Integrity Alliance LLC. now owns 96,510 shares of the software giant’s stock worth $36,229,000 after purchasing an additional 75,681 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new position in shares of Microsoft during the first quarter worth $18,293,000. 71.13% of the stock is owned by institutional investors and hedge funds.
Microsoft Stock Performance
NASDAQ:MSFT opened at $509.90 on Friday. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $510.55 and a 200-day moving average of $454.19. The firm has a market cap of $3.79 trillion, a price-to-earnings ratio of 37.38, a price-to-earnings-growth ratio of 2.19 and a beta of 1.04.
Insider Activity
In other Microsoft news, EVP Takeshi Numoto sold 4,850 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the completion of the sale, the executive vice president directly owned 39,111 shares of the company’s stock, valued at approximately $20,624,012.52. This represents a 11.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Satya Nadella sold 149,205 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $504.78, for a total transaction of $75,315,699.90. Following the sale, the chief executive officer directly owned 790,852 shares of the company’s stock, valued at $399,206,272.56. This represents a 15.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.
Wall Street Analysts Forecast Growth
MSFT has been the topic of a number of recent research reports. Wall Street Zen raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Morgan Stanley upped their price target on shares of Microsoft from $530.00 to $582.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Truist Financial increased their target price on shares of Microsoft from $650.00 to $675.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Raymond James Financial upped their price target on shares of Microsoft from $490.00 to $570.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Finally, Oppenheimer lifted their price target on Microsoft from $600.00 to $630.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $612.54.
Check Out Our Latest Analysis on MSFT
Microsoft Company Profile
Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
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